The global metal implants and medical alloys market is estimated to grow at a significant CAGR of 7.6% during the forecast period. In the cardiovascular system, the concern can arise with heart arteries and valves, which can be easily treated with medical implants. Moreover, the increasing prevalence of CVD coupled with increasing cardiac surgeries further driving the demand for metal implants. The titanium material based cardiac pacemakers is commonly utilized to accomplish an irregular or slow heart rate. The pacemaker system applies precisely timed electrical signals to induce heart muscle contraction and cause the heart to beat in a manner very similar to naturally occurring heart rhythm.
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The metal and medical alloys are also widely adopted in the orthopedic implants that further contribute to the metal implants and medical alloys market. As a class of materials, metals are the most widely used for load-bearing implants. For instance, some of the most common orthopedic surgeries involve the implantation of metallic implants. These range from simple wires and screws to fracture fixation plates and total joint prostheses (artificial joints) for hips, knees, shoulders, ankles, and so on. In addition to orthopedics, metallic implants are used in maxillofacial surgery, cardiovascular surgery, and dental materials. Although many metals and alloys are used for medical device applications, the most commonly employed are stainless steels, commercially pure titanium and titanium alloys, and cobalt-base alloy. Furthermore, the increasing number of road accident injuries is a major driving factor for metal implants for orthopedic applications. According to the WHO, between the range of 20 to 50 million people suffers from non-fatal injuries, with several incurring a disability as a result of their injury.
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The emerging markets such as India, China, Brazil, and others are creating ample opportunity in the metal implants and medical alloys market. There are various factors contributing to the growth of the market in emerging countries, such as the rising prevalence of lifestyle diseases, increasing healthcare spending and the growing the aging population in emerging countries. China, India, and Brazil are focusing on improving its healthcare infrastructure, which in turn is propelling the adoption of advanced surgical implants in various applications. Moreover, the growing geriatric population in these markets creates a demand for medical implants. As the population of India and China grows, its expanding share of older adults is particularly notable. The United Nations Population Division projects that India’s population age 50 years and older will reach 34% by 2050. Between 2010 and 2050, the share of people aged over 65 and older is expected to increase from 5% to 14%, while the share in the oldest age group (80 and older) will triple from 1% to 3%.
Global Metal Implants and Medical Alloys Market- Segmentation
By Type
- Stainless Steel
- Titanium
- Cobalt chromium
By Application
- Orthopedics
- Cardiovascular
- Dental
- Craniofacial Implants
- Neurological
Global Metal Implants and Medical Alloys Market– Segment by Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Alfa Aesar(Thermo Fisher Scientific, Inc.)
- Allegheny Technologies (ATI)
- Alloys International, Inc.
- American Elements
- AMETEK, Inc.
- Aperam group
- Carpenter Technology Corp.
- Deringer-Ney, Inc.
- Fort Wayne Metals Research Products Corp
- Johnson Matthey Plc
- Koninklijke DSM N.V.
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